Navratna status is a prestigious status that certain companies receive in the public sector in India. Navratna companies are a group of companies in the Central Public Sector Enterprises (CPSEs) that have enhanced financial autonomy. Generally, companies need approval from the central government to invest a large amount of money in a project or deal, but Navratna companies possess the autonomy to invest up to INR 1000 crores without official permission from the central government. To be eligible for Navratna status, a company must first be a Miniratna and have 4 independent directors on its board. A score of 60 (out of 100) is required, based on parameters such as net profit, net worth, total manpower cost, total cost of production, cost of services, PBDIT (Profit Before Depreciation, Interest, and Taxes), capital employed, etc. . There are currently 16 CPSEs that have been granted Navratna status.